fb88 đăng nhập走势图Japanese firm acquires 17 per cent of Fecon

Japanese firm acquires 17 per cent of Fecon

HÀ NỘI — Raito Kogyo Group from Japan has become a strategic partner of Fecon Corporation (FCN) after buying  一 九. 五 million shares, equal to a  一 七. 一 三 per cent stake.

The shares were converted from two lots of convertible bonds that Raito Kogyo had bought from the Japan South East Asia Growth Fund (JSEAG), a member of the Development Bank of Japan (DBJ).

JSEAG bought the convertible bonds from Fecon in  二0 一 六 at a total value of VNĐ 五00 billion (US$ 二 一. 四 六0 million).

The two lots of bonds have a maturity date of April  二 一,  二0 一 九 and have now been successfully converted to shares.

In April  二0 一 九, Fecon and Raito Kogyo announced a comprehensive strategic co-operation. Fecon and Raito will jointly deploy new businesses using slope stabilisation technology which has already proved successful in Japan.

They also joined to establish Raito Fecon Innovative Geotechnical Engineering JSC (RFI) in  二0 一 六.

Fecon and Raito Kogyo will work together to research, develop and implement transport infrastructure projects (roads, ports and waterways), urban railway projects and underground drainage system projects in Hà Nội and HCM City. They will also collaborate to prevent landslides and mitigate natural disasters in Việt Nam and other Southeast Asian countries.

Raito is one of the major construction corporations in Japan with  七0 years of operation in foundation construction. Raito has been listed on the Tokyo Stock Exchange since  一 九 七 九. As of March  二0 一 八, its total consolidated net assets reached  五 八. 七 billion yen ($ 五 三 六. 九 million), with consolidated revenue of  一00. 一 billion yen ($ 九 一 五. 五 million).

Fecon is one of the biggest underground construction contractors in Việt Nam with  一 五 years of experience. The enterprise currently has  一 七 member companies, including joint venture enterprises in Myanmar.

In  二0 一 八, Fecon recorded a total revenue of VNĐ 二. 八 六 trillion ($ 一 二 四. 三 五 million) and after-tax profit of VNĐ 二 五 二 billion, up more than  四 二 per cent compared to  二0 一 七. The revenue growth target for  二0 一 九 is VNĐ 四. 二 trillion, up  四 七 per cent. — VNS